The conduct of the Central Bank in the liquidation of Banco Master was concluded by the technical area of the court of accounts approximately 20 days after the start of the analysis of the documentation.
Now it will be up to the person, who determined the procedure, to receive the report from the technical area and, based on these analyses, make a decision. As shown by Sheetthe tendency is for him to give a favorable opinion on the conduct of the process.
The inspection of the documentation that served as the basis for the BC’s decision began in the first half of January. The work in relation to the Master since the Roberto Campo Neto administration, who preceded Gabriel Galípolo as president of the Central Bank.
Master’s liquidation was ordered on November 18 last year, after the BC considered the bank irrecoverable. On the same day, the owner of the institution, Daniel Vorcaro, was arrested in a Federal Police operation investigating a R$12 billion fraud involving fake cards. He is currently under house arrest.
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